This property looks like a bad Mid-Term investment with a projected -28.27% first-year return on $645k initial cash invested.
-28.27%
Cash On Cash
0.64%
Cap Rate
0.1
DSCR
$8,002
Rent
-$15,206
Cashflow
Cash Flow
$8,002 income − $23,208 expenses = $15,206 out of pocket
Investment Breakdown
|
Purchase Price
$2988k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$645k
Downpayment
20%
$598k
Closing costs
1%
$29,880
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,002
Total Expenses
$23,208
Mortgage P&I
206%
$16,479
Property Taxes
37%
$2,963
Home Insurance
13%
$1,046
HOA
0%
$0
Property Management
12%
$960
CapEx
4%
$320
Vacancy
3%
$240
Maintenance
4%
$320
Other
11%
$880